BidaskClub downgraded shares of Sunrun (NASDAQ:RUN) from a strong-buy rating to a buy rating in a research note released on Wednesday morning.
A number of other brokerages have also recently commented on RUN. Goldman Sachs raised their target price on Sunrun from $10.00 to $12.00 and gave the company a buy rating in a report on Friday, April 6th. Zacks Investment Research cut Sunrun from a buy rating to a hold rating in a report on Wednesday, January 10th. Roth Capital began coverage on Sunrun in a report on Thursday, March 1st. They set a buy rating and a $10.00 target price for the company. UBS began coverage on Sunrun in a report on Thursday, March 15th. They set a buy rating and a $8.00 target price for the company. Finally, Bank of America cut Sunrun from a buy rating to an underperform rating in a report on Friday, April 6th. Two equities research analysts have rated the stock with a sell rating and nine have issued a buy rating to the stock. Sunrun has an average rating of Buy and a consensus target price of $9.75.
NASDAQ RUN opened at $8.28 on Wednesday. The firm has a market cap of $879.83, a PE ratio of 9.65, a price-to-earnings-growth ratio of 0.29 and a beta of -1.02. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.29 and a quick ratio of 1.01. Sunrun has a twelve month low of $4.21 and a twelve month high of $10.16.
In related news, CEO Lynn Michelle Jurich sold 36,522 shares of the firm’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $8.92, for a total transaction of $325,776.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 24.13% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Standard Life Aberdeen plc purchased a new position in shares of Sunrun in the 4th quarter valued at about $121,000. Russell Investments Group Ltd. purchased a new position in shares of Sunrun in the 3rd quarter valued at about $123,000. Teacher Retirement System of Texas purchased a new position in shares of Sunrun in the 4th quarter valued at about $140,000. Aperio Group LLC purchased a new position in shares of Sunrun in the 4th quarter valued at about $153,000. Finally, IPG Investment Advisors LLC purchased a new position in shares of Sunrun in the 4th quarter valued at about $159,000. Institutional investors and hedge funds own 80.90% of the company’s stock.
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Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.
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